Start of the day. Indices are growing, the ruble is strengthening

  • MOEX Index: 3549.46 (+ 0.62%)
  • RTS Index: 1469.89 (+ 0.86%)

The Russian market is growing at the opening of Friday trading. The indices are to a significant extent recouping the growth of the Thursday evening session, while in the dynamics of quotations of liquid securities it has already been taken into account.

Yesterday, oil prices rose more than 3%, while OPEC + somewhat surprised market participants. The consensus forecasts assumed the preservation of the existing quotas, but in the end the alliance decided to increase production by more than 2 million b / d during May-July. One of the reasons for this decision, media sources call the telephone conversations between the new US Secretary of Energy Jennifer Granholm and the Minister of Energy of Saudi Arabia.

The American market hit record levels on Thursday ahead of the long weekend, and today S&P 500 futures are gaining 0.2%. The yield on 10-year government bonds fell below 1.7%, the technology sector shares rose in price.

In the first minutes on the Moscow Exchange, the leaders are shares of Mechel (+ 3%), oil companies – Gazprom Neft (+ 1.7%), Surgutneftegaz-JSC (+ 1.7%).

Cherkizovo shares were cleared of dividends (-6%). Shares of Sberbank, Gazprom, LUKOIL show slight changes within 0.1%.

Bidding in Western countries is not being held today due to Good Friday. Oil futures are also not traded, and S&P 500 futures will be traded until 16:15 GMT. In this regard, the activity on the Russian stock exchanges is expected to be low.

The pair USD / RUB fell to 75.93 (-0.43%). The RGBI government bond index is growing by 0.22%.

Leaders: Mechel-Jsc (+ 3%), Beluga (+ 1.8%), Gazprom Neft (+ 1.7%), Surgutneftegaz-Jsc (+ 1.7%).

Outsiders: Cherkizovo (-6%), PIK (-2.3%), Ozon (-0.8%), Novatek (-0.3%).

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